Not a Drill: Riverside is on Fire with New Fire and Life Safety Investment

The Riverside Company, a global investment firm focused on the smaller end of the middle market, has invested in FirePro as an add-on to its fire and life safety platform, Performance Systems Integration (PSI). Based in Portland, Oregon, PSI is a leading single source provider of fire and life safety services in the Pacific Northwest, Mountain West, Northern California and the Pacific. The company provides customers with fire and life safety services including system inspection, service and monitoring, equipment and first-aid sales and cylinder repairs as well as installations for new construction and retrofits.

FirePro is headquartered in Bend, Oregon, and specializes in servicing fire extinguishers, fire sprinklers and suppression systems for commercial customers in Bend and the surrounding areas.

“FirePro is the 16th add-on to PSI under Riverside’s ownership and further establishes PSI’s footprint in the Pacific Northwest,” said Riverside Managing Partner Loren Schlachet. “This investment will expand PSI’s service coverage in the state of Oregon and is a great addition to the PSI platform.”

“We are very pleased to bring FirePro into the PSI family,” said PSI CEO Jodi Kohler. “We are excited about the new opportunities this partnership will bring, and we look forward to continuing the strong reputation FirePro has worked hard to build.”

PSI is committed to delivering high-quality customer service through its ‘single-point-of-management’ compliance services for all fire and life safety inspection, repair and installations in the Pacific Northwest, Mountain West, the California Bay Area and Hawaii. PSI also provides cylinder requalification, cylinder maintenance, fire equipment parts distribution and dedicated marine suppression services. With decades of experience in the fire and life safety industry, PSI’s mission is to help save lives by providing meaningful fire and life safety protection and training.

This is one more example of Riverside’s commitment to the Business Services industry. Riverside has invested in more than 390 platform and add-on companies in the business services sector since 1988 as part of its private equity and structured capital strategies.

“FirePro will further establish PSI’s presence in the Pacific Northwest and bolster growth in the region,” said Riverside Partner John McKernan. “This investment further exemplifies PSI’s goal of partnering with companies that excel in quality service and reliability.”

Working with Schlachet and McKernan on the deal for Riverside were Assistant Vice President Aakeem Andrada, Analyst Nikolai Kassogue, Analyst Kyle Davis, Operating Partner Shaun Kelly and Finance Director Chrissie Yim. Origination Partner Cheryl Strom helped source the deal for Riverside.